Subnational Determinants of Foreign Direct Investments in the Russian Federation

Authors

  • Andrey Yukhanaev Northumria University, Newcastle-upon-Tyne
  • Satish Sharma
  • Anastasia Nevidimova

DOI:

https://doi.org/10.15549/jeecar.v1i2.62

Keywords:

FDIs, determinants, Russia, panel data, regression analysis

Abstract

Our purpose is to examine the determinants of subnational distribution of Foreign Direct Investments (FDI) in the key fifteen regions of Russia over the period of 2005-2011 using panel data. Within the most important economic regions of the country we found market seeking is still the main purpose of foreign inward investments. As a result, the size of the Russian consumer market presents a significant influence on the foreign economic activities alongside trade openness and government economic incentives. Our results from regression analysis indicate that gross regional product per capita, trade openness and the existence of special economic zones have significant positive impact on the regional distribution of FDI in the Russian Federation.

Author Biographies

Andrey Yukhanaev, Northumria University, Newcastle-upon-Tyne

Dr. Andrey Yukhanaev (Corresponding Author) is employed within Faculty of Business and Law of Northumbria University. His current role is a Senior Lecturer in Strategic Management and International Business. He holds a Master of Business Administration degree from Northumbria University and PhD from the Russian Presidential Academy of National Economy and Public Administration. Dr. Yukhanaev is an active researcher in the areas of international business strategies in emerging economies, institutional economics, corporate governance and international development.

Satish Sharma

Dr. Satish Sharma is a Teaching Fellow in Accounting and Financial Management within Faculty of Business and Law of Northumbria University. Satish teaches in the areas of Finance and Risk Management from February 2005 after several years of professional Banking experience. Satish has attained his doctoral qualification in the area of “Consumer Credit Risk Modelling”. His research interest comprises of financial risk management, banking regulations, foreign investments and micro-finance.

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Published

2014-10-19

How to Cite

Yukhanaev, A., Sharma, S., & Nevidimova, A. (2014). Subnational Determinants of Foreign Direct Investments in the Russian Federation. Journal of Eastern European and Central Asian Research (JEECAR), 1(2), 10. https://doi.org/10.15549/jeecar.v1i2.62

Issue

Vol. 1 No. 2 (2014): Journal of Eastern European and Central Asian Research

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